Woman Who Schemed Freight Brokerage Out of $325,000 Sentenced to Prison
Richmond, IN – An Indiana woman who schemed a freight brokerage out of more than $325,000 is headed to prison.
Denise Eileen King, 56, of Richmond, recently pleaded guilty to Level 5 felony theft in Circuit Court stemming from an almost three-year long embezzlement scheme.
According to court records, King was an accountant for Richmond-based Logistics Revolution.
Between November 17, 2016 and October 31, 2019, King deposited more than 100 fraudulent checks into a bogus West End Bank account created for a trucking company called King Karriers, which Logistics Revolution had used to haul freight on two previous occasions.
Logistics Revolution accused King of forging a vice president’s name on a check to King Karriers and using that check to open the bank account.
According to prosecutors, she deposited 108 additional checks from Logistics Revolution by submitting false invoices for freight hauling services purportedly performed by King Karriers.
She then diverted the funds from that account into four other accounts, including King’s personal account, a vehicle loan account taken out by King and accounts in the names of King’s two children, the criminal complaint states.
In total, King embezzled $327,240 during the scheme.
She was arrested in February of 2020.
Case documents reveal Logistics Revolution executives became suspicious of King after she was offered a promotion from her accounting position and then abruptly resigned.
Further investigation by company officials revealed she had deleted files from her work computer.
She has been sentenced to serve six months in prison but could serve as little as four and a half months if she earns credit for good behavior, court documents show.
In December 2020, Logistics Revolution filed a lawsuit against King and 3Rivers Federal Credit Union, which has since acquired West End Bank.
The suit seeks restitution from King in the amount of $327,240 and alleges 3Rivers was “negligent” in allowing King to open the fraudulent account and make withdrawals from it.
However, 3Rivers has filed a motion to dismiss these claims.
The judge in the case has not yet issued a ruling on the motion to dismiss.